The State Treasurer shall cause any agent so designated by the issuing officers to
maintain reconciliation statements on all state bonds and coupons. Said reconciliation statements shall balance with bank statements on bond and coupon
accounts. Any paid-off, matured, redeemed, called or cancelled bonds and coupons shall be
held by any agent so designated by the issuing officers on behalf of the State Treasurer
until a sufficient quantity has been collected by the office to be cancelled and destroyed
according to this chapter.
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